🚀 Tokenization of RWAs is gaining momentum ❗
One of the USA's leading banks has recently conducted a simulation utilizing blockchain technology to tokenize a private equity fund. This groundbreaking endeavor signals a potential pathway for wider institutional adoption of blockchain.
Citi, the 3rd largest bank in the USA, has embarked on testing asset tokenization, exploring #innovative operating models to streamline processes and enhance efficiencies across the market.
This forward-looking initiative involves #tokenizing private assets like private equity funds. By introducing new functionalities and operational efficiencies, it aims to revolutionize the traditionally complex and manual infrastructure of private markets and to enhance its suite of products and services, spanning digital money, trade, securities, custody, asset servicing, and collateral mobility.
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